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’16 Louisville Show Turnout on Par with Year Ago

December 6, 2016 by · Leave a Comment 

The Recreation Vehicle Industry Association’s (RVIA) 54th annual National RV Trade Show ended Dec. 1 after a robust display of industry participation that included dealers, suppliers, manufacturers and media converging on the Kentucky Exposition Center in Louisville. RVIA reported in a release that attendance totaled 7,674 for the four-day event, on par with the 7,725 attendees from 2015. Attendance in the buying categories – RV dealers, accessory stores and repairs shops, campgrounds... Read more

Stinnett RV Buyout Fuels Campers Inn Expansion

December 5, 2016 by · Leave a Comment 

Jeff Hirsch (L) and Tom Stinnett in Louisville (Photo by Shawn Spence) Last Wednesday’s (Nov. 30) news that East Coast RV retailer Campers Inn RV is purchasing southern Indiana’s Tom Stinnett Derby City RV — and adding a 16th store in the process – wasn’t lost on thousands of busy attendees at the Recreation Vehicle Industry Association’s (RVIA) 54th Annual National RV Trade Show. After all, Campers Inn President and owner Jeff Hirsch and Tom Stinnett, a partner in the Clarksville,... Read more

Campers Inn Acquires Tom Stinnett Derby City RV

November 30, 2016 by · Leave a Comment 

Jeff Hirsch (L) and Tom Stinnett (Photo by Shawn Spence) Multilocation dealership Campers Inn RV announced the acquisition of Tom Stinnett Derby City RV in Clarksville, Ind. According to a press release, Campers Inn plans on retaining Derby City RV staff and integrate operations into its corporate infrastructure.  “This is a very proud day for myself and the Campers Inn RV organization,” said Jeff Hirsch, president/owner of Jacksonville, Fla.-based Campers Inn RV. “We are aligning with one... Read more

Thor Reporting Record Revenue, Income for 1Q

November 29, 2016 by · Leave a Comment 

Thor Industries Inc. today (Nov. 28) reported record first-quarter net income of $78.7 million, or $1.49 per diluted share, on record revenues of $1.71 billion for the first quarter ended Oct. 31. Totals reflected Jayco Inc.’s contributions during the quarter, which Thor acquired on July 1. Gross profit in the quarter, ended Oct. 31, increased 55.5% to $236.8 million, though gross profit margins decreased modestly to 13.9% in the first quarter compared to 14.8% in the prior-year period,... Read more

RVIA: Shipments Soar 14.5% in Oct., 13.8% YTD

November 26, 2016 by · Leave a Comment 

RV wholesale deliveries to retailers raced ahead in the month of October this year posting total shipments of 38,765 units, up 14.5% ahead of this same month one year earlier. Five of the seven vehicle categories improved over this month last year with conventional travel trailers rising by the largest unit total while folding camping trailers rose by the largest percentage gain. Through October, total shipments of all RVs were reported at 363,051 units, ahead of this point last year by 13.8%.  The... Read more

Camping World Acquires Thompson Family RV

November 22, 2016 by · Leave a Comment 

Camping World Holdings Inc. announced today (Nov. 22) an agreement to acquire Thompson Family RV L.C. in Davenport, Iowa. Camping World anticipates closing the acquisition within the next 60 days. Current arrangements are to commence operations upon finalizing the transaction while renovations plans include adding a Camping World retail store and preparing the location to join over 120 other Camping World retail locations across the U.S. According to a press release, Thompson Family RV was started... Read more

Jayco Initiates Sweeping Management Changes

November 19, 2016 by · Leave a Comment 

Middlebury, Ind.-based Jayco Inc. triggered considerable industry buzz on Friday (Nov. 18) when the 3,300-employee RV builder, a wholly owned subsidiary since June 30 of Thor Industries Inc., announced a “restructuring” of its executive management team that resulted in the appointment of Jayco Towables President Matt Thompson to the position of chief operating officer. As such, Thompson will oversee day-to-day operations for the RV builder’s Jayco Towables, Starcraft RV, Highland Ridge RV,... Read more

RVIA Intros Grand Prize, Special Events at Show

November 18, 2016 by · Leave a Comment 

The Recreation Vehicle Industry Association (RVIA), in partnership with the Louisville Convention & Visitors Bureau (LCVB) and the Kentucky Exposition Center (KEC), announced exciting new opportunities for attendees in the buying categories to win great prizes, while conducting business at the National RV Trade Show. The grand prize of a Kentucky Derby package will be given away by the city of Louisville to one lucky buyer on Dec. 1 at noon on the show floor. The winner must be present to win. The... Read more

SSI: Sept. Canadian Towable Sales Tumble 24.4%

November 16, 2016 by · Leave a Comment 

Year-over-year Canadian towable sales tumbled 24.4% in September and 13.8% for the first nine months, according to the latest report from Statistical Surveys Inc. (SSI). Results by segment showed: • Sales in the travel trailer sector dropped 22.5%% in September and 11.2% year-to-date. • Canadian fifth-wheel sales declined 28.8% for the month and 23.6% through September. • Folding camping trailer registrations were down 29.7% in September and showed a 12.8% decline year-to-date. •... Read more

SSI: Travel Trailers Lead 7.6% Sept. Towable Hike

November 14, 2016 by · Leave a Comment 

Year-over-year towable retail registrations grew 7.6% in September, again lifted by gains in the travel trailer segment, while posting a 12.5% increase for the first nine months. According to the latest report from Statistical Surveys Inc. (SSI), results by category showed: Sales for the travel trailer segment increased 10.1% for the month and 15.6% year-to-date. Fifth-wheel registrations edged up 1.7% in September, while rising 5% for the first nine months. Folding camping trailer sales... Read more

600-Plus Honor RVB Top 50 Dealers in Las Vegas

November 11, 2016 by · Leave a Comment 

Over 600 people attended Wednesday night’s RVBusiness Top 50 Awards banquet at Bally’s in Las Vegas (Photo by Shawn Spence) A standing room-only crowd of more than 600 people gathered to honor the winners of the 2016 RVBusiness Top 50 Dealer Awards during a ceremony Wednesday evening (Nov. 9) at the Platinum Ballroom of Bally’s on the Las Vegas Strip. The Top 50 Dealer Awards, held in conjunction with the 2016 RV Dealers International Convention/Expo, recognizes U.S. and Canadian RV... Read more

RVDA Keys on Issues, Honors Dealers at Confab

November 10, 2016 by · Leave a Comment 

RVDA President Phil Ingrassia addresses members at Wednesday’s annual meeting during the RV Dealers International Convention/Expo Younger customers are beginning to replace Baby Boomers as the RV industry’s prime market, Phil Ingrassia, president of the Recreation Vehicle Dealers Association (RVDA), told dealers Wednesday (Nov. 9) at the 2016 RV Dealers International Convention/Expo at Bally’s in Las Vegas. (To view a slideshow scroll to the right side of the RVBUSINESS.com home page.... Read more

Ed Arienti Touting Newcoast at RVDA ‘Con/Expo’

November 9, 2016 by · Leave a Comment 

Ed Arienti Newcoast Financial Services LLC is intent on expanding its presence in the RV sector, meeting with dealers during this week’s RV Dealers International Convention and Expo in Las Vegas. In addition to providing dealers with F&I services, the Clearwater, Fla.-based company specializes in providing financing to consumers with good credit who have unique circumstances that may preclude them from getting financing through mainstream lenders. “We have a high degree of expertise... Read more

The BUZZ: Lippert Reflects on Solid 3Q Revenue

November 4, 2016 by · Leave a Comment 

Jason Lippert Jason Lippert, CEO of both Drew Industries Inc. and its Elkhart, Ind.-based subsidiary Lippert Components Inc. (LCI), said the company’s favorable third-quarter earnings report issued Thursday (Nov. 3) was the result of the RV industry’s continued momentum as well as the company’s ongoing focus on R&D, acquisitions and improved efficiencies. In its report, Drew announced consolidated net sales in the third quarter increased to $412 million, 19% higher than the 2015 third... Read more

Acquisitions Lift Drew 3Q Revenue, Sales up 19%

November 3, 2016 by · Leave a Comment 

Drew Industries Inc., parent to Elkhart, Ind.-based Lippert Components Inc., today (Nov. 3) reported consolidated net sales in the third quarter of 2016 increased to $412 million, 19% higher than the 2015 third quarter. Net income was $29.8 million, or $1.19 per diluted share, for the third quarter ended Sept. 30, compared to net income of $17.3 million, or 70 cents per diluted share, for the year-ago period. The increase in year-over-year sales reflects industrywide growth in wholesale shipments... Read more

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